Ljubljana, 15 December (STA) - The Ljubljana Stock Exchange saw a somewhat increased demand for shares this week. The blue chip index gained 2.57% to 607.83 points. The biggest gainer was Telekom Slovenije.
The week's trading volume amounted to EUR 6.17m. More than a third (EUR 2.5m) was on account of shares of pharma company Krka, which added 0.88% to close the week at EUR 47.21.
Telekom Slovenije gained 9.88% to EUR 89. Media reported this week that the telecommunications company would acquire a 49% stake in the Greek-owned Antenna TV SL, which is to take over Telekom's commercial TV station Planet TV. Each partner is to invest EUR 5m capital and as much in loan.
Aside from Telekom and Krka, this week's winners' column included insurer Zavarovalnica Triglav, which rose 5.26% to EUR 16, and energy company Petrol, which closed 3.34% higher at EUR 221.
Petrol reported an estimated group sales revenue of EUR 3.7bn for the year, an increase of 13% on 2011. EBITDA is estimated to have risen by 8% to EUR 124.8m, with net profit estimated at EUR 53.3m but without potential impairments. Petrol is currently nearing completion of talks on the sale of its 32.6% stake in Istrabenz, which is the process of court-mandated debt restructuring.
The biggest faller, household appliance maker Gorenje shed 6.25% to EUR 3.90. Work at the company's headquarters in Velenje was briefly brought to a halt by a spontaneous strike on Wednesday, but resumed after a few hours after a deal was reached on the payment of EUR 300 in Christmas bonus.
On Tuesday, Gorenje closed an agreement on a EUR 50m syndicated loan with Volksbank, a member of the Russian-owned banking group Sberbank Europe, in order to improve the structure of loan maturity.
The share of retailer Mercator shed 2.5% to EUR 117. The company's supervisory board this week endorsed the business plan for 2013 which projects a net profit of EUR 3m on sales revenue of EUR 2.9bn for the group.
The NKBM share edged 0.09% lower at EUR 1.15 in a week that saw Slovenia's second largest bank sign a EUR 65m deal on the sale of its 51% stake in insurer Zavarovalnica Maribor to reinsurer Sava Re and the state-run SOD fund.
The Sava Re share was flat at EUR 7.20, while logistics company Intereuropa surged 14.49% to EUR 0.56 and port operator Luka Koper shed 2.14% to EUR 7.16.